The EUR/USD pair fell precipitously from the 1.30 handle on Tuesday in order to test the uptrend line that has been driving this market higher sense the middle of July. This move wasn’t much of a surprise...
The US Dollar traded depreciated across the board on the event of profit taking witnessed in most of the asset classes, especially in the benchmark equity index of the Dow Jones Industrials (DJIA).
Market review for 08.10.12: Although, many markets were closed today, there were some movers and actions. Asian and European trading sessions:
The EUR/USD pair fell during the session on Monday as the 1.30 level proved to be too rich for the currency pair. However, we do have an uptrend line just below, and it should continue to support...
The US Dollar traded flat against most of the FX majors except against the Cable wherein the Pound has lost by more than 100 pips yesterday. The benchmark equity index (.DJIA) is currently trading flat at 13594...
EUR/USD rose for most of the session on Friday after the better-than-expected nonfarm payroll numbers in America, but gave back much of the gains by the end of the session.
With most of the asset classes, especially the equities correcting, the Dollar Index appreciated of the European lows during the American session. The Greenback gained most against the Cable followed by the Aussie.
EURUSD may be forming a cycle bottom at 1.2803 on daily chart. Range trading between 1.2803 and 1.3171 would likely be seen next week. Support is now at 1.2803, as long as this level holds, the price...
The Dollar Index (DX) started depreciating again after couple of days of consolidation on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading strong.
The EUR/USD pair rose during the session after Mario Monti reminded the world on Thursday that ECB was there to lift asset prices with various quantitative easing schemes. Ultimately, we did manage to break above the 1.30...
